The Kenosha telegraph. [volume] (Kenosha, Wis.) 1860-1888, 1887-10-14
w. A. ALLEN AND CO.'S WOOL
CIRCULAR.
CHICAGO, October 1O.- 18.

EIstts oudiO dllu uIpTOuthUl6 quite
fairly describes the condition of all
wool markets for some time past. An
improvement in demand was generally
expected in September, and in this re-
spect the course of markets has been a
great disappointment to many. The
error of starting the wool clip at such
high prices the past summer proves to
be far reaching. Through the competi-
ton of foreign goods, which were offered
In this country quite freely at very low
prices, our manufacturers soon realized
that they would not be able to get prices
for their own goods to correspond, with
the advanced prices talked in the
country for wool, and would be. forced
to find cheaper stock, OF stop their mills.
English and other foreign woods, how
ever, with shoddies to mix, offered the
cheaper stock. Part of these were laid
down in this country at very low prices
through fraudulent or at least unjust
valuations and classifcations in the
customs. The wool trade has made
every effort to have these errors correct
ed. Some can only be corrected by
Congress. Wool raisers should make a
special effort and see that their interests
are properly attended to in the coming
session, which may be very important
session to them. A good many million
pounds of this foreign stock, including
yarns, tops, wastes, ETC., have been used
in this country i'll the past few months,
thus closing the outlet for as much of
our own clip. One of the largest Eastern
mills, ordinarily a large buyer of our
medium woods, has made its stock this
summer of low priced foreign wool,
which for the goods it happened to be
making this season answered its .pur-
pose as we'll and at much less cost
than our woods. ~ f}@;ss.
Another element particularly notice
able this season has been 3the extreme
conservatism of manufacturers in the
purchase Of wool. With the very small
and doubtful margins for profit in max
ing goods, and with prospects of plenty
of wool when needed, they have more
than ever refused to buy woods beyond
absolute needs from week to week, and
have left the owners to carry the clip.
The high prices talked in the country at
the opening of the clip confirmed them
IN this determination.
The dull, unsettled markets of the past
three months, resulting from above
causes, have gradually developed a de-
sire among some holders to sell at re-
duced prices, but so comparatively light
has the demand been for our home
woods that price concessions have varied
according to the ideas or needs of the
seller, and market quotations have there
fore been very difficult to give. There
has not been any speculative buying on
markets, and sales could be made only'l
to the amount wanted by the manufac-
turers.
Market quotations haye declined some
three to four cents from the highest |
quoted in the early summer. Manufac-
turers are now often more interested in |
supplies, but the recent close money
markets have greatly restricted large |
purchases. They :. are generally sup
posed to be holding light stocks, how
ever, and are therefore liable to be
steady purchasers through the season.
With few exceptions, the last clip aver
aged a heavier shrinkage wool than
usual. Kansas and some of the terri
tory woods proved to be quite earthly
also, making a shrinkage to scour the
finger grades from 70 to rs per cent, or
more, and hence bringing the value of
such in the dirt to what seems to many
owners a very low figure, but adding
cost of freight, etc., on the dirt, really
standing the manufacturer, when
secured, as much as any similar but
lighter wool. ESQ
The outlook favors good fair trade
for wool through the season. The con-
dition of the worlds markets, however.
calls for moderate prices for goods, and
hence, of necessity, the same for wool. I.
The &c neral assortment OF wool on mar
kets is good, while the supplies remain
ing IN the country are much larger than
usual.
MICH, Wis, IND, Ill, Mo-, Iowa,
MINI, &c. I
Briqh, good condition, CIothin0 WooLs